Technical Outlook For Usd-Jpy 3-8-2015

Technical Outlook For Usd-Jpy 3-8-2015

Usd/Jpy pair moved last Friday in the average price movement of 85 Pips, it recorded the highest level at 124.36 and the lowest levels at 123.51 levels and closed at 123.93 to Lose 19 pips According to Friday’s economic data.

The pair opened today at 123.84 oscillatory between the 123.84 and the 124.11 levels during the Asian session in a trading average of 27 pips for the limitation of the market liquidity.

The pair is trading in up impulse waves above ascending trend line after breaking the channel

It is expected that the pair Usd against the Jpy will go to targeted level at 124.50 in the next few hours.

And the Relative Strength Indicator "RSI" show us accumulation operations at the market and the control of Bulls on the market

Medium term trend: UP

Support levels: 123.50 and 123.08 and 122.65

Resistance levels: 124.35 and 124.78 and 125.20

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Technical Outlook For Usd-Jpy 9-7-2015

Technical Outlook For Usd-Jpy 9-7-2015

Usd/Jpy pair moved yesterday in the average price movement of 214 PIPs, it recorded the highest level at 122.54 and the lowest levels at 120.58 levels and closed at 120.58 to Lose 187 pips According to yesterday’s economic data and NYSE stopping.

The pair opened today at 120.58 and went up in a corrective move to 121.52

The pair is trading below the trend line so it is expected to make new lows.

We saw the pair achieved our target yesterday at 121.10

It is expected that the pair Usd against the Jpy will go to targeted level at 120.05 in the next few hours.

And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market

Today at 12:30 we are looking for Unemployment Claims from USA.

Medium term trend: Down

Support levels: 119.92 and 119.27 and 117.96

Resistance levels: 121.88 and 123.19 and 123.84
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